Vinhomes JSCSTC:VHM -1.14%90 Return-on-Tangible-Equity is 41.48% as of Mar. 2026, which is 83% above its 10-year median of 22.67. GuruFocus rates STC:VHM with a GF Score™ of 90/100 and a GF Value™ of ₫117,164.26 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,714 Real Estate companies, Vinhomes JSC ranks better than 92.59% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Vinhomes JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫102,207,784 Mil. Vinhomes JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫246,382,666 Mil. Therefore, Vinhomes JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.48%.
The historical rank and industry rank for Vinhomes JSC's Return-on-Tangible-Equity or its related term are showing as below:
STC:VHM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.87 Med: 22.67 Max: 59.1
Current: 28.38
During the past 9 years, Vinhomes JSC's highest Return-on-Tangible-Equity was 59.10%. The lowest was 16.87%. And the median was 22.67%.
STC:VHM's Return-on-Tangible-Equity is ranked better than 92.59% of 1714
companies
in the Real Estate industry
Industry Median: 4.325
vs STC:VHM: 28.38
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Vinhomes JSC Return-on-Tangible-Equity Related Terms
Vinhomes JSC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vinhomes JSC's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Real Estate - Development subindustry, Vinhomes JSC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vinhomes JSC Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Vinhomes JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vinhomes JSC's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 41.48% mean?
Vinhomes JSC (STC:VHM) has a Return-on-Tangible-Equity of 41.48% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vinhomes JSC and its competitors. This is 83% above median its historical median of 22.67. Over the past decade, Vinhomes JSC's Return-on-Tangible-Equity has ranged from 16.87 to 59.10. According to the industry distribution chart, Vinhomes JSC ranks #127 out of 1714 companies in the Real Estate industry, placing it in the top 7.4%.
Is Vinhomes JSC's Return-on-Tangible-Equity too high?
Vinhomes JSC's current Return-on-Tangible-Equity of 41.48% is 83% above median its 10-year median of 22.67. Over the past 10 years, this metric has ranged from a low of 16.87 to a high of 59.10. The Real Estate industry median Return-on-Tangible-Equity is 4.33. Vinhomes JSC's value of 41.48% is 859.1% above this industry median. Based on the distribution chart, Vinhomes JSC ranks #127 out of 1714 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Vinhomes JSC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Vinhomes JSC ranks #127 out of 1714 companies for Return-on-Tangible-Equity. This places Vinhomes JSC in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.33. Vinhomes JSC's value of 41.48% is 859.1% above this benchmark. Historically, Vinhomes JSC's own Return-on-Tangible-Equity has ranged from 16.87 to 59.10 over the past decade. While the company's 10-year median is 22.67 vs. the industry median of 4.33, Vinhomes JSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.33, based on 1,714 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vinhomes JSC's current Return-on-Tangible-Equity of 41.48% is 859.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vinhomes JSC and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinhomes JSC's current Return-on-Tangible-Equity is 41.48%, which is 83% above median its own 10-year median of 22.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinhomes JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinhomes JSC (STC:VHM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫117,164.26, compared to a current price of ₫147,000.00 — trading 25.5% above its estimated fair value. The current Return-on-Tangible-Equity is 41.48%, which is 83% above median its 10-year median of 22.67 and 859.1% above the Real Estate industry median of 4.33. Vinhomes JSC's overall GF Score™ is 90/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Vinhomes JSC (STC:VHM), the current Return-on-Tangible-Equity is 41.48% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vinhomes JSC (STC:VHM) Overvalued in 2026?
Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued.
The current stock price of ₫147,000.00 is trading 25.5% above its estimated GF Value™ of ₫117,164.26.
GuruFocus considers Vinhomes JSC to be Modestly Overvalued.
Key valuation signals for STC:VHM:
Return-on-Tangible-Equity: 41.48% (83% above median its 10-year median of 22.67)
GF Value™: ₫117,164.26 vs. price of ₫147,000.00 (25.5% above fair value)
Industry Position: 859.1% above the Real Estate median (#127 of 1714)
No single metric tells the full story. See the STC:VHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.
90GF Score
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